Looming Loans

When loans go bad, rather than forcing the borrower into bankruptcy, lenders can do what is known as “extend and pretend” and hope that granting the borrower extra time helps the borrower regain solvency. Through 9/20/23 the number of such loan deals is almost 400. For the decade ending 2019 the number rarely exceeded 200 for an entire year. The last time E&P was this popular was 2009.